SOL Market Trend Analysis 20250622

The hourly level is basically following Bitcoin, with a more pronounced decline.

The daily line shows a long bearish candlestick with upper and lower shadows, and the daily MA30 line maintains a downward trend. The MACD has crossed below the zero line, indicating a weakening downward momentum.

The view has not changed: a large range of oscillation, and the downward momentum has not yet been fully released. There will be a rebound during the day, but after a brief rebound at the daily level, it will continue to follow Bitcoin and drop to a low.

The lower edge of the red box, around 120, will be a relatively strong support level in the near term, and there will be a daily-level rebound trend when it reaches this level.

We have always said that SOL will take a long time to adjust, at least a few months of wide oscillation in the 120-180 range before there is a continuation of the upward trend, so have a bit more patience and buy in batches on dips.

The price is still oscillating in the red box area, with the lower edge around 120, the upper edge around 164, and the central axis position around 142.

The daily level resistance levels are 142-153-165-177, and support levels are 130-117-110.